The one-day-in-10-years criterion might have lost its usefulness in today’s energy markets. The criterion is highly conservative when used in calculating reserve margins for reliability. Can the...
loan costs. In a related announcement, NextEra closed on construction and term financing consisting of $702 million in project bonds, a $150 million project term loan and an $83 million project letter of credit. Credit Suisse underwrote the project bonds and term loan. Banco Bilbao Vizcaya Argentaria provided the letter of credit.
IntercontinentalExchange (ICE) announced the first trade of the California carbon allowance forward contract. In addition to being the first trade of this cleared contract on ICE, it’s the first exchange-cleared trade based on California’s new cap-and-trade program. The transaction was for 100 contracts, representing 100,000 California carbon allowances, at a price of $17.00 per allowance. NRG Power Marketing and Shell Energy North America agreed to the terms to make this first trade.
Itron appointed LeRoy D. Nosbaum as president, CEO and member of Itron’s board of directors. He was CEO from 2000 to 2009, and chairman from 2002 to 2009. He succeeds Malcolm Unsworth who retired as Itron’s president, CEO and board member.
Xtreme Power , developer and manufacturer of utility-scale energy storage and digital power management systems, appointed Alan J. Gotcher, Ph.D. as chief technology officer. From 2004 to 2008, Gotcher served as president, CEO and director for energy storage and power product company Altair Nanotechnologies.
Viridity Energy named Frank D. Reinhart, Jr. v.p. of national account sales, and Adje Mensah director of product management. Previously, Reinhart led North American strategic sales at Direct Energy. Mensah co-founded Petra Solar, where he was senior manager of technology management.
Public Service Company of Oklahoma selected Cooper Power Systems to deploy an integrated volt-VAR control system for PSO’s gridSMART demonstration project in Owasso, Okla. The system will be installed in three substations and on 11 distribution feeders. The Yukon IVVC application will monitor and control 40 distribution capacitor banks and 24 voltage regulators, and will be integrated into the distribution dispatch center (DDC) to allow remote supervision and control.
KEMA selected Green Energy Corp’s GreenBus software platform for operation in the KEMA smart grid interop lab. GreenBus automates processes, captures real-time grid operational data and allows power companies’ applications to securely share data. KEMA created the lab as a test facility to offer independent verification of device interoperability. It also validates compliance of low-voltage automation devices, meters, and consumer products with evolving smart grid standards.
Telvent was selected by Progress Energy Florida (PEF) to engineer, design and implement Telvent’s OASyS SCADA solution to help the utility better serve its more than 1.6 million electric customers. Telvent is expected to implement its SCADA system, OASyS DNA, allowing PEF to receive real-time information from the field and support faster operational decisions, increasing distribution efficiency.
Survalent Technology commissioned a new SCADA system for Eastern Illini Electric Cooperative . The system includes several of Survalent’s applications, including: command sequencing, power factor control, load curtailment, voltage control, and control panel applications. In addition, Eastern Illini Electric Cooperative will be installing 15 of Survalent’s Scout station controllers, which combine the functions of a traditional RTU with the functions of a data concentrator and terminal server.